Relative Price in 1104
With a median income of $35,380 and an average price of $116.48 per month for a storage unit, renting storage for a year in 1104 Springfield would require 4% of a median earner's annual income. This ratio of storage price to median income is very high compared to other ZIP codes nationally, ranking in at the 91st percentile, which can allow us to conclude that storage in the 1104 is relatively expensive for most of its residents. When compared to other ZIP codes in Massachusetts, storage as a fraction of median income is relatively inexpensive, ranking in at the 33rd percentile.
Storage Coverage In 1104
There are 8,748 households in 1104 Springfield and approximately 25 storage units, meaning there are 0.00286 units per household. When compared to the ratio of units-to-households in other ZIP codes nationwide, 1104 has moderately low coverage, ranking in at the 30th percentile, which could make it less easy to find a unit here than elsewhere. 1104 has a somewhat-low number of units per household when compared to other ZIPs in Massachusetts, ranking at the 41st percentile. If you're searching for storage here, you may want to expand your search.
In terms of the number of people living in 1104, the ZIP code has a population of 22,078. With a total of 2,387 square feet of storage space in the ZIP, there are 0.11sqft of storage per person. This is a very low number of square feet of storage per capita compared to other ZIP codes nationwide, ranking in at only the 21st percentile. In terms of other ZIP codes in Massachusetts, 1104 ranks at the 32nd percentile, meaning it has somewhat-low coverage compared to other ZIP codes in the state.